Examples of Borrower Priority of Payments in a sentence
Such subrogated amounts shall be classified as provided in the Loan Agreement and shall only be payable in accordance with the term Borrower Priority of Payments.
With respect to the Guaranteed Loan, the Borrower shall, on each Loan Payment Date, subject to Borrower Available Funds and the Borrower Priority of Payments in the Loan Agreement, pay to the Guarantor an amount equal to the product of: (i) one-twelfth; (ii) [***]%; and (iii) the outstanding Loan Component 1 Balance (after giving effect to payments made on the prior Loan Payment Date) (the “Monthly Risk-Based Charge”).